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Trade

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  • Do we still trade using barter system?
    No
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  • Why barter trade is ineffective?
    Because the goods doesn't have the same value.
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  • Why people invented money?
    Because it has fixed value.
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  • what are these? and what are they used for?
    Cowrie shells, it used as money to buy goods and services.
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  • Who invented paper money?
    Chinese
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  • Why paper money is invented?
    Answers are correct
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  • What is the meaning of trade?
    Buying and selling goods and services using money.
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  • Trade is exchanging goods for other goods without using money.
    False
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  • What is the difference between trade and barter?
    Money
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